Posted by Katie on .
Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found. The correlation coefficient is  0.933
Determine R2 and interpret this statistic.
A) R2 = 93.3% which means that 93.3% of the variation in car price is explained by the age of the car.
B) R2 = 87.1% which means that 87.1% of the variation in car price is explained by the age of the car.
C) R2 = 93.3% which means that 93.3% of the variation in the age of the car is explained by the price of the car.
D) R2 = 87.1% which means that 87.1% of the variation in the age of the car is explained by the price of the car.
E) None of these are correct.
Is the answer C?

Statistics 
PsyDAG,
Please only post your questions once. Repeating posts will not get a quicker response. In addition, it wastes our time looking over reposts that have already been answered in another post. Thank you.
See your later post.